Monday, April 28, 2025

Latest

Bill C-18: Liberal Government’s Online News Act Becomes Law

Prime Minister Justin Trudeau’s proposed Online News Act that would require social media giants to compensate Canadian media companies for sharing their news content online has officially become law.

Bill C-18, which was first tabled by the Liberals in June 2022, aims to force major social media companies such as Meta and Facebook to pay Canadian news organizations and broadcasters for content shared on their platforms. “The Bill introduces a new bargaining framework intended to support news businesses to secure fair compensation when their news content is made available by dominant digital news intermediaries and generates economic gain,” the government’s explanation reads.

The bill got a thumbs up from the House of Commons in December 2022, and after a series of amendments, the Senate passed the bill into law with a 56 to 22 vote on Thursday.

Tech giant Google argues that the federal government’s move would only provide compensation to large news outlets rather than smaller ones, and won’t hold media companies accountable to journalistic standards, contributing to the spread of misinformation and clickbait. Meta, for its part, doesn’t plan to cater to the Liberal’s new bill, subsequently announcing it will cease Canadians’ access to online news on Facebook and Instagram before the new law takes effect.

The retaliatory move from Meta sends a blow to Trudeau’s government, which has been adamant on compelling tech giants to enter into revenue-sharing deals with Canadian news organizations.

Information for this story was found via the sources mentioned within the article. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

Bell Q3 Earnings: Massive Impairments. Guidance Cuts. A Mess.

Alamos Gold Q3: Record Revenue & Production Amid Rising Costs

The Junior Mining Market Is Back

Recommended

Germany Looks To Modernize Military Recruitment But Stops Short of Conscription

First Majestic Silver Posts Topline Revenue Of $146.1 Million In Q3 2024

Related News

Meta On Threads Not Accessible For Canadian News: It’s Bug, Not Block

Meta has addressed a bug that temporarily restricted Threads users in Canada from accessing and...

Wednesday, December 20, 2023, 01:47:00 PM

Canada’s Government Suspends Advertising on Meta Platforms in Response to News Blockage

The federal government is halting all advertising on Facebook and Instagram in reaction to Meta’s...

Thursday, July 6, 2023, 06:24:00 AM

Google, Canadian Government Reach Agreement on Online News Act

Google and the federal government have successfully resolved their dispute over the Online News Act,...

Thursday, November 30, 2023, 11:15:29 AM

Bill C-18 Bailout? Canada Ups Tax Claim for News Organizations

In Ottawa’s fall economic statement, the Canadian government has allocated a $129-million boost for news...

Friday, November 24, 2023, 06:44:00 AM

Google Announces $100 Million Distribution to Canadian News Companies

Google has officially announced its selection of the Canadian Journalism Collective (CJC) to distribute the...

Saturday, June 8, 2024, 07:34:00 AM